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20121027
20121104
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-- i guess it depends on the scenario, but if president obama is reelected, will he let it expire so he has more lechblg to lower rates even if he doesn't do so on the super wealthy. how much does the gamesmanship matter? about we go over the cliff, what market impact is that likely to have? >> the market impact in terms of you have a xwchgdp impact of fio seven percentage points. so the market impact can be enormous. the longer you have uncertainty, the longer you hold back treasuries and the greater potential for the fed to come in and extend qe. >>. >> who is more likely to resolve the issue from a market point of view? >> i think romney may have to wait whereas obama probably does it a little bit sooner. >> if you're just joining us, final set of numbers on on the u.s. jobs market before the election will be out in just a few hours. >> stocks in europe into the green. >> and raising costs of sandy. one estimate now puts losses from the storm at $60 billion. >> and trade link, we'll hear from the chairman of the investment correspond naturing boa coordinating board of how the country
or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we know this is one of the hartest hit areas. with you tell us how extensive the damage is? >> all of those popular summertime vacation communities are cut off from society. and there are stand reminders, bits of people's lives ripped to shreds. people here beginning a third day without power. millions of people throughout the state have no power. they are really getting ready to get back to life as normal. many walking around just wanting to get over to the jersey shore, those that have being a straighted, straigh to see what was left. and they can't do it possibly for a couple days because of the safety issue. just yesterday we got to see the streets filled with sand and the homes ripped from the foundat n foundations as emergency crews went door to door to get everyone out. now they're focused on the restoration, making those communities safe so they can begin letting people to get back to their homes to see what
the jersey shore, were the hardest hit. president obama will tour damage in atlantic city today. new york's subway system is flooded and will remain shut indefinitely. new jersey transit is also suspended. amtrak will resume limited regional service, but not to manhattan because of flooded tunnels. jfk and newark airports will reopen with limited service. airlines will resume service at other eastern airports. a.i.r. worldwide is putting the estimated insured losses at $7 billion to $15 billion. the u.s. financial markets, as we mentioned, will reopen today. the u.s. stock exchange says they didn't suffer any damage. goldman sachs will open its headquarters in lower manhattan, though it is still running on generator power. b of a will keep their offices closed, and citigroup says its office in lower manhattan sustained extensive flooding. joining us for a firsthand look at the damage from new york is scott cohn. i know it's still dark around you, but what kind of damage are we seeing? >> well, kelly, a lot of what you just outlined s the reason that this is -- that this city is barely str
, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent,
essential versus nonessential. in any case, president obama and mitt romney have canceled campaign events today due to hurricane sandy, this only eight days left before the presidential election with polls showing an extremely tight race. joining us now for more is columnist and blger f blogger a contributor. james, thank you for getting up this morning. and you mentioned even just getting to the office, you are already seeing the rain. >> i have to admit that as i was coming in, i was -- even though i love cnbc and i love this show, i was regretting it just a little bit as the rain was heavier than expected and as soon as i'm done, i'm heading home and going deep into the bunker. >> yes, be safe. we know we see the path of the storm seems to be aiming directly for pennsylvania, although the impact because it's so large being felt all up and down the east coast. a lot of people wondering what this will mean for the election tuesday. >> well, one affect it could have, it could freeze the election wherever it is right now for the next half week or so. i think people will be focused on this
, this is a crucially important number for obama obviously going into the election. but more importantly, it will help us see really what's happening within the employment picture itself and is it actually improving or not. >> okay. thanks very much for joining us this morning. >> bp reported better than expected results for the third quarter. underlying replacement cost profit $5.2 billion, around a billion dollars ahead of estimates. dividend has risen. becomeky peck becky was talking to bob dudley. >> and he was talking about how the refining has helped earns this it time around.>> and he w the refining has helped earns this it time around. the difference denied increased by some 12.5% is having big impacts on the stock today, as well. i was asking why they chose now to increase the dividend and if there would be further hikes in the future and he said they clearly have the confidence to raise the dividend now. they will continue to have a progressive policy in the future. continue to sell off businesses. and he said they do still have some assets to sell, too, as they try to get back on track and
Search Results 0 to 5 of about 6